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Toncoin doubles on growing Make TON Great Again momentum

Tech　　Toncoin doubles on growing Make TON Great Again momentum　　Toncoin (TON) extended its rally overnight as markets braced for the second half of Pavel Durovs seven-step Make TON Great Again (MTONGA) roadmap.　　The token rose from roughly $1.37 to $2.8 at press time, more than doubling in value shortly after Durov said Telegram had become TONs largest validator.　　Source: CoinGecko　　Toncoins rally has pushed it into the top 20 crypto assets by market capitalization, where it now ranks 19th. It has overtaken Chainlink and Canton as its market value climbs to around $7.5 billion, narrowing the gap with Monero.　　Source: CoinGecko　　The layer 1 crypto asset has also led in gains over the past 24 hours, followed by Venice Token, Near Protocol, and MemeCore.　　Telegram brings TON back home　　Telegram is bringing TON, originally known as the Telegram Open Network, back home. Durov said the company would replace the TON Foundation as the primary steward of the network.　　The project was developed by the Durov brothers in 2018 but regulatory issues forced Telegram to stop working on it. TON, then known as The Open Network, later continued under an independent community and the TON Foundation.　　The TON Foundation has driven a number of key initiatives to expand the networks ecosystem.

05-07

Ondo Finance Clears First XRP Ledger Treasury Redemption Into Singapore Bank

Tech　　Ondo Finance Clears First XRP Ledger Treasury Redemption Into Singapore Bank　　Ondo Finance, a leader in the tokenized asset space, announced May 6 the successful completion of the first near-real-time, cross-border redemption of a tokenized U.S. Treasury fund. The pilot program, conducted in collaboration with J.P. Morgans Kinexys, Mastercard, and Ripple, is seen as a significant milestone in bridging the gap between public blockchain infrastructure and global banking systems.　　The transaction involved Ripple redeeming a portion of its holdings in the Ondo Short-Term U.S. Government Treasuries (OUSG) fund. The redemption was executed on the XRP Ledger and triggered a fiat settlement through the Mastercard Multi-Token Network (MTN).　　Ripple characterized the successful test as a foundational shift for the industry.　　“This is a meaningful step toward 24/7 global financial markets,” Ripple said in a statement. “By combining the XRP Ledger with global banking infrastructure, this pilot shows how institutions can execute cross-border transactions in a single integrated flow.”　　The settlement process used J.P. Morgan‘s Kinexys blockchain infrastructure to initiate the fiat payment. The funds were then routed through the bank’s correspondent network to be delivered to Ripples bank account in Singapore. This workflow demonstrates that tokenized assets can be liquidated and settled across international borders and

05-07

LINK Price Prediction: $14.40 Target Emerges as ETF Momentum Accelerates

The Immediate Setup　　Chainlink is displaying textbook breakout behavior at $9.92, sitting comfortably above its entire moving average stack for the first time in months. The 3.55% daily surge pushed LINK through the $9.77 upper Bollinger Band, signaling institutional money positioning ahead of the Bitwise Spot Chainlink ETF approval. With RSI at 65.33 – positioned in the bullish zone without being overbought – and both retail (64.5% long) and smart money (69.3% long) aligned, the setup points toward continuation rather than reversal.　　The derivatives market tells an even stronger story. Despite a 4.83% drop in open interest, the aggressive buying pressure (1.2019 buy/sell ratio) indicates fresh capital entering rather than short covering. When Blockchain.news analyzed similar ETF-driven momentum in other major cryptos, the pattern typically lasted 2-4 weeks before meaningful corrections.　　Key Levels Exposed　　The technical architecture favors bulls right now. LINK has decisively reclaimed the $9.34 SMA-20 as support, with the entire short-term moving average cluster ($9.36 SMA-7, $9.40 EMA-12, $9.29 EMA-26) acting as a launching pad. The immediate resistance at $10.06 looks fragile given the momentum, but the real battle will be at $10.19 strong resistance.　　The 200-day moving average at $11.57 represents the final technical hurdle before higher targets become accessible. The

05-07

JPMorgan, Mastercard and Ripple test tokenized Treasury settlement on XRPL

JPMorgan, Mastercard, Ripple, and Ondo Finance have completed a cross-border, cross-bank redemption of a tokenized U.S. Treasury fund using the XRP Ledger and traditional banking rails.JPMorgan, Mastercard, Ripple, and Ondo tested tokenized Treasury redemption across XRPL and banking rails together.OUSG moved through XRPL while Kinexys delivered dollars to Ripples Singapore bank account in pilot.The pilot adds momentum to tokenized Treasuries as Wall Street waits for clearer rules globally.　　The pilot involved Ondo Finance‘s OUSG fund, a tokenized short-term U.S. government Treasury product. Ripple redeemed part of its OUSG holdings on the XRP Ledger, while Mastercard’s Multi-Token Network sent settlement instructions to Kinexys by J.P. Morgan.　　JPMorgan then moved U.S. dollar proceeds to Ripple‘s bank account in Singapore through its correspondent banking network. The asset leg on the XRP Ledger was processed in under five seconds, according to Ondo’s announcement.　　Ondo Finance President Ian De Bode said, “This milestone represents the first time tokenized U.S. Treasuries have settled across borders and banks in near real time and outside traditional banking windows.”　　Tokenized funds move beyond test cases　　The transaction shows how tokenized assets can connect with banking systems without replacing them. One part of the transaction happened on a public blockchain, while the fiat side moved

05-07

Samsung SDS to build South Korea’s tokenized securities system

Samsung SDS has reportedly won a contract to build and operate a token securities platform for the Korea Securities Depository. Samsung SDS will turn KSDs token securities testbed into a production-ready blockchain platform by 2027.South Koreas new rules will recognize distributed ledgers as legal securities registries under KSD oversight.The project aligns Samsung‘s blockchain infrastructure role with Korea’s tokenized asset market launch timeline ahead.　　The project brings South Korea closer to running blockchain-based securities infrastructure before new rules take effect in 2027.　　The platform is expected to be completed by February 2027. It will move KSDs earlier testbed into a formal system built for transaction processing and stable service operations.　　KSD plans to connect its existing electronic securities account system with blockchain-based distributed ledger data. The system will support tokenized securities issuance, circulation checks, and rights management.　　Samsung SDS will also build a volume management system. The system is expected to track token securities issuance and circulation in real time.　　Samsung SDS builds on earlier KSD work　　Samsung SDS has already worked on KSDs token securities program. The company carried out function-analysis consulting in 2024 and built a testbed platform in 2025.　　The new deal expands that earlier work into a full operating system. It also puts Samsung

05-07

Ondo Finance Clears First XRP Ledger Treasury Redemption Into Singapore Bank

Tech　　Ondo Finance Clears First XRP Ledger Treasury Redemption Into Singapore Bank　　Ondo Finance, a leader in the tokenized asset space, announced May 6 the successful completion of the first near-real-time, cross-border redemption of a tokenized U.S. Treasury fund. The pilot program, conducted in collaboration with J.P. Morgans Kinexys, Mastercard, and Ripple, is seen as a significant milestone in bridging the gap between public blockchain infrastructure and global banking systems.　　The transaction involved Ripple redeeming a portion of its holdings in the Ondo Short-Term U.S. Government Treasuries (OUSG) fund. The redemption was executed on the XRP Ledger and triggered a fiat settlement through the Mastercard Multi-Token Network (MTN).　　Ripple characterized the successful test as a foundational shift for the industry.　　“This is a meaningful step toward 24/7 global financial markets,” Ripple said in a statement. “By combining the XRP Ledger with global banking infrastructure, this pilot shows how institutions can execute cross-border transactions in a single integrated flow.”　　The settlement process used J.P. Morgan‘s Kinexys blockchain infrastructure to initiate the fiat payment. The funds were then routed through the bank’s correspondent network to be delivered to Ripples bank account in Singapore. This workflow demonstrates that tokenized assets can be liquidated and settled across international borders and

05-07

JPMorgan, Mastercard and Ripple test tokenized Treasury settlement on XRPL

JPMorgan, Mastercard, Ripple, and Ondo Finance have completed a cross-border, cross-bank redemption of a tokenized U.S. Treasury fund using the XRP Ledger and traditional banking rails.JPMorgan, Mastercard, Ripple, and Ondo tested tokenized Treasury redemption across XRPL and banking rails together.OUSG moved through XRPL while Kinexys delivered dollars to Ripples Singapore bank account in pilot.The pilot adds momentum to tokenized Treasuries as Wall Street waits for clearer rules globally.　　The pilot involved Ondo Finance‘s OUSG fund, a tokenized short-term U.S. government Treasury product. Ripple redeemed part of its OUSG holdings on the XRP Ledger, while Mastercard’s Multi-Token Network sent settlement instructions to Kinexys by J.P. Morgan.　　JPMorgan then moved U.S. dollar proceeds to Ripple‘s bank account in Singapore through its correspondent banking network. The asset leg on the XRP Ledger was processed in under five seconds, according to Ondo’s announcement.　　Ondo Finance President Ian De Bode said, “This milestone represents the first time tokenized U.S. Treasuries have settled across borders and banks in near real time and outside traditional banking windows.”　　Tokenized funds move beyond test cases　　The transaction shows how tokenized assets can connect with banking systems without replacing them. One part of the transaction happened on a public blockchain, while the fiat side moved

05-07

UN: Ad spending tops $1T but AI risk fueling misinformation

Tech　　UN: Ad spending tops $1T but AI risk fueling misinformation　　Global advertising spending topped $1 trillion annually, according to the United Nations (UN), but the untapped power of major brands to shape the future of artificial intelligence (AI) could fail to act and deepen global information integrity.　　In a new brief, the UN, together with the Department of Global Communications and the Conscious Advertising Network, reiterated that unchecked AI adoption in advertising can accelerate risks across the whole digital information ecosystem.　　The brief, titled “Strengthening Information Integrity: Advertising, Artificial Intelligence and the Global Crisis,” noted that the advertising sector plays a significant role in how information flows online, with its “spending decisions influencing which content is produced, amplified and monetised.” As AI tools become more popular and embedded in content generation and media buying, the risk of spreading false information may increase.　　“People are increasingly relying on AI to make decisions and shape their understanding of the world without the literacy or information needed to assess its safety and reliability. These dynamics are compounded by the use of AI to create and distribute false and hateful content at scale, contributing to a broader erosion of trust in information sources,” the UN warned. “Advertising may

05-07

Token Terminal And Aether Network Partner To Accelerate DeFi Utilities With Scalable Cross-Chain Analytics

As part of efforts to advance the way users access on-chain information with improved availability, scalability, and stability of decentralized applications, Token Terminal, a crypto data analytics platform, today entered into a strategic partnership with Aether Network, a modular blockchain platform that has expertise in easing the processing of decentralized applications. The collaboration enabled Token Terminal to integrate Aether Networks modular blockchain infrastructure to provide its crypto analytics platform with better executions, secure communication, and strong multichain transaction capabilities.　　Token Terminal is an established cryptocurrency analytics platform that has expertise in converting raw blockchain data into on-chain intelligence, providing investors and traders with knowledge and insights about the crypto and DeFi markets.　　Together, were building a stronger and more connected Web3 ecosystem.　　Aether Network x @tokenterminals — powering the next generation of decentralized innovation.#AetherNetwork #Partnership #Web3 #Blockchain pic.twitter.com/cYi1sBOAu6　　— Aether Network (@NetworkAethers) May 6, 2026　　Token Terminal Expanding DeFi Capabilities With Aether Network　　The partnership above enabled Token Terminal to integrate Aether Network‘s modular blockchain infrastructure to enhance cross-chain functionality for its crypto platform’s on-chain analytics services. Aether Network is an innovative modular blockchain platform that has a special capability in improving the efficiency and scalability of decentralized applications. Its modular blockchain infrastructure allows decentralized applications

05-07

AUD/JPY Price Forecast: Grinds higher above 113.00, bullish trend holds above key average

In the daily chart, AUD/JPY holds a constructive bullish bias as it sits above the 100-day Exponential Moving Average (EMA), keeping the broader uptrend intact. The Relative Strength Index (14) around 53 suggests moderate, non-stretched momentum, hinting that bulls still retain control but lack a strong overbought impulse for an immediate breakout.　　On the topside, initial resistance is aligned at the Bollinger 20-day middle band near 113.60. The next upside barrier emerges at the May 6 high of 114.32, with the upper band coming in higher at 114.82 as the next hurdle if buyers extend the advance. On the downside, first support is seen at the lower Bollinger band at 112.40, ahead of the April 30 low of 111.33. The key contention level is seen at the 100-day EMA of 109.60, where a deeper pullback would be expected to attract dip-buying interest while the broader bullish structure persists.

05-07